Nirula’s on an expansion spree

Last updated : May 18, 2010 17:12 IST
Franchise News Image

Nirula’s, one of the oldest restaurant chains is planning to expand its footprint in seven to 10 more cities across India. As per a company official, this expansion will be a mix of both company owned and franchised outlets.

At present, the company is operating through 75 outlets in seven cities in India and is planning to add another 125 shops in different formats by the end of this fiscal year, thereby taking its count to 200. This will include around 80 Metro Express outlets in Delhi and 20 more ice cream parlours along with other formats.  

To execute these expansion plans, the company would require Rs 15 crore, which will be raised through internal accruals, equity infusion, and debts. Moreover, the company has a successful franchise model and money will be raised in that way as well. Malaysia-based private equity firm, Navis Capital Partners, which is a major stake holder in Nirula's, will infuse equity for expansion.

Latest Opportunities

view all opportunities  

Glimpse of Past Event

view all photos